Ormat Technologies (ORA) executive compensation, 2026 proxy

Doron Blachar, Chief Executive Officer, was paid $3.6M in 2025, down 5% from $3.8M the year before. The CEO-to-median-employee pay ratio was 31:1, on median employee pay of $118,418.

Filed
April 21, 2026
Annual meeting
June 2, 2026
Pay year
2025
Named executives
5
CEO total pay
$3.6M-5% vs prior year
CEO to median employee
31:1median $118,418
CEO pay in equity
55%$2M in awards
Prior say-on-pay support
86%of votes cast
CEO Base Salary
$641,062For fiscal 2025
CEO Target Bonus
12 monthsOf monthly salary
Total NEO Count
5Named executive officers
Say-on-Pay Support
86%At 2025 annual meeting

How Blachar was paid

$3.6M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary18%Stock awards55%Non-equity incentive23%All other compensation4%

Named executive officers

ExecutiveTotal
Doron BlacharChief Executive Officer$3,618,005
Assaf GinzburgChief Financial Officer$1,982,782
Jessica WoelfelGeneral Counsel, Chief Compliance Officer and Corporate Secretary$1,294,579
Ofer Ben YosefExecutive Vice President, Energy Storage and Business Development$1,390,452
Aron WillisExecutive Vice President, Electricity Segment$814,116

What changed and why

  • $3.6MCEO total compensation decreased to $3,618,005 in 2025 from $3,820,182 in 2024.
  • $2MStock awards for the CEO were $2,000,000 compared to $2,500,000 in the prior year.
  • $816KNon-equity incentive plan compensation for the CEO increased to $816,000.
  • 86%Say-on-pay received approximately 86% support at the 2025 annual meeting.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.